Lufthansa Cargo

Lufthansa Cargo

Headquarted in Frankfurt, Germany, Lufthansa Cargo employs around 4,500 people. The company serves 300 destinations in more than 100 countries utilizing its own assets. The company's primary hub is the Frankfurt Airport. In addition to a dedicated air freight fleet, the company uses spare belly space on Lufthansa and Austrian Airlines passenger planes.

Lufthansa Cargo’s operating profit surged nearly 27 percent in 2014. The German carrier remained in the black for the fifth consecutive year despite a weak global air freight market that has pushed many of its rivals into the red.

Lufthansa Cargo managed to increase traffic in November despite ongoing strikes by pilots, while its leading European rivals posted lower volumes as they prepare to downsize their freighter operations.

Lufthansa Cargo pilots will stage a 21-hour walkout Tuesday as part of a year-long wave of strikes that forced the German carrier to cancel almost half of its scheduled short and medium-haul passenger flights today.

Lufthansa Cargo’s slim operating profit of 6 million euros ($7.6 million) in the third quarter, 20 percent higher than a year ago, maintained the carrier’s status as one of the few profitable scheduled air freight operators.